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Restaurant

Slim Chickens

1802 S Main St, Weatherford, TX 76086

Listing Price: $1,986,000

Cap Rate
6.55%
Tenant Name
Slim Chickens
Years Remaining On Lease
14.6
Gross SF
3,288
Guarantor
Franchisee Guarantee
Rentable SF
3,288
Price/Gross SF
$604.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.56

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Slim Chickens in Weatherford, Texas. The property consists of a 3,288-square foot, freestanding building that sits on approximately 1.68 acres of land. There are approximately 15 years remaining on the current lease term, with annual rental escalations throughout the primary term. The property has excellent access and visibility on Main Street, where traffic counts exceed 19,400 vehicles per day. Surrounding retailers in the immediate area include Walmart Supercenter, The Home Depot, Target, ALDI, Tractor Supply Co, Planet Fitness, Taco Bell, Raising Cane’s, KFC, Panda Express and many more. Nearby Interstate 20 (73,507 VPD) provides a direct route to downtown Fort Worth (30 miles). The Interstate 20 corridor, between Fort Worth and Weatherford, has had considerable high-profile development projects in recent years; including Walsh Ranch, a $6 billion, 7,200-acre master-planned community; Willow Park North, a $163 million, 230-acre development with a hotel, amphitheater and a community events center; and The Shops at Willow Park, a 44+ acre mixed-use community.

Investment Highlights

  • New 15-Year Triple Net Lease with Annual Rent Escalations
  • Excellent Access and Visibility on Main Street, Where Traffic Counts Exceed 19,400 Vehicles per Day
  • Large 1.68 Acres Parcel with Ample Parking and Multiple Access Points
  • Fast-Growing Fort Worth Suburb
  • Tenant Growth - 120% Growth Over the Last Three Years with 600 Restaurants by 2030

Exclusively Listed By

Listing Price: $1,986,000

Cap Rate
6.55%
Tenant Name
Slim Chickens
Years Remaining On Lease
14.6
Gross SF
3,288
Guarantor
Franchisee Guarantee
Rentable SF
3,288
Price/Gross SF
$604.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.56

Investment Highlights

  • New 15-Year Triple Net Lease with Annual Rent Escalations
  • Excellent Access and Visibility on Main Street, Where Traffic Counts Exceed 19,400 Vehicles per Day
  • Large 1.68 Acres Parcel with Ample Parking and Multiple Access Points
  • Fast-Growing Fort Worth Suburb
  • Tenant Growth - 120% Growth Over the Last Three Years with 600 Restaurants by 2030

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple net lease Slim Chickens in Weatherford, Texas. The property consists of a 3,288-square foot, freestanding building that sits on approximately 1.68 acres of land. There are approximately 15 years remaining on the current lease term, with annual rental escalations throughout the primary term. The property has excellent access and visibility on Main Street, where traffic counts exceed 19,400 vehicles per day. Surrounding retailers in the immediate area include Walmart Supercenter, The Home Depot, Target, ALDI, Tractor Supply Co, Planet Fitness, Taco Bell, Raising Cane’s, KFC, Panda Express and many more. Nearby Interstate 20 (73,507 VPD) provides a direct route to downtown Fort Worth (30 miles). The Interstate 20 corridor, between Fort Worth and Weatherford, has had considerable high-profile development projects in recent years; including Walsh Ranch, a $6 billion, 7,200-acre master-planned community; Willow Park North, a $163 million, 230-acre development with a hotel, amphitheater and a community events center; and The Shops at Willow Park, a 44+ acre mixed-use community.

Exclusively Listed By

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